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Sterling Bank Reports N47.53Bn Net Income Growth, Other Positive Indices

Sterling Bank Plc has reported a net interest income growth of N47.53 billion for the third quarter ended September 30, 2019 as against N39.834 billion for the corresponding period of 2018, representing a growth of 19.3 percent. According to the figures on the lender’s performance over the period, the growth in the net interest income […]

Agriculture & Agribusiness Economy News Extra Latest News Manufacturing Professionals & HR Devt. Technology

Agric Mechanisation Will Boost Productivity, Create Jobs – FG

The Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono, has said that mechanized farming will boost the nation’s agricultural production capacity and create more jobs for Nigerian youths if explored. The Minister made this remark during a town hall meeting with the All Farmers Associations of Nigeria (AFAN) and other relevant stakeholders in Kano […]

Economy News Extra Latest News Oil & Gas Technology

NNPC Digitizes Downstream Operations To Enhance Market Efficiency

The Nigerian National Petroleum Corporation (NNPC) on Monday said digitization of its downstream operations had been embarked on with a view to positioning it more effectively in the marketing of petroleum products competitively. The corporation’s Chief Operating Officer, Downstream, Mr Adeyemi Adetunji, gave this hint while declaring open the 13th Oil Trading and Logistics Expo […]

Economy News Extra Investments/Capital Market Latest News Manufacturing Oil & Gas Technology

Dangote, GE Seal Pact To Digitize Cement Plants’ Operations

Dangote Cement Plc has signed an agreement with GE to modernize seven GE LM6000PC Aeroderivative gas turbines and install the Asset Performance Management (APM) digital solution at Dangote Cement plants located in Obajana and Ibese, Nigeria. The terms of the deal also include Service Agreement Extension for additional 50,000 operating hours for each of the […]

Banking Economy News Extra Investments/Capital Market Latest News Technology

Three Nigerian Firms Make Africa’s 12 Best Investment Opportunities List

Three Nigerian companies have been selected as among the best in Africa in terms of investment opportunities and are set to participate in the Venture Capital for Africa’s (VC4A’s) Venture Showcase forum slated for Johannesburg, South Africa, next month. A news report by Africa Press Organisation (APO) Group on behalf of the VC4A, the organizers […]

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CBN Releases New Regulation On E-Payments, Collections For Private, Public Sectors

The Central Bank of Nigeria (CBN) has released a new regulatory template guiding all forms of electronic payments and collections for public and private sectors in the country. The apex bank stated that the monetary policy measure, which was taken furtherance of its powers under enabling Act 2007, was a revision of the Guidelines on […]

Foreign General News/Info Latest News Technology Telecomms

Tecno Mobile Launches Youth-Friendly CAMON 12 Air Smartphone

Tecno Mobile, a global leading mobile phone company, has launched new smartphones Camon 12 Air with upgraded camera to unlock a new image era of innovative shooting performances. Described as one of the most remarkable camera devices, the latest smartphone from the  company’s stable, is coming with the initiative Dot-in Display and 16MP+2MP+5MP AI Max […]

Economy News Extra Latest News Technology Telecomms

Airtel Boosts Internet Connectivity With Home Broadband Package

Nigeria’s leading telecommunications services provider, Airtel Nigeria, has announced the roll out of its pan-Nigeria Home Broadband value offering  as part of its strategic initiatives aimed deepening its broadband connectivity in homes and offices nationwide. The telecommunications operator stated that the launch of theHome Broadband offerings leverage on its expansive and modernized 4G network, which […]

Economy News Extra Latest News Oil & Gas Science 'n' Technology Technology

Technology adoption will improve forecasts, mitigate risks in oil industry- Seplat

As Nigeria continues to explore all options to improve her earnings from the hydrocarbon resources industry, the Executive Operations Director, Seplat Petroleum Development Company Plc, Mr. Effiong Okon, has identified the adoption of critical contemporary technologies as crucial to effective planning and forecast and mitigating the risks in the industry. Okon gave this hint while […]

Economy News Extra Latest News Technology Telecomms

Nigeria’s Internet Subscribers Hit 114.75Mn

The Nigerian Communications Commission (NCC) reported that Internet users in Nigeria increased to 114,752,357 million in February 2019. The latest data showed that overall internet users increased by 850,153 in February from the 113,875,204 users recorded in January. The commission gave these figures in its Monthly Internet Subscribers Data for February posted on its website. […]